ilmscore | Prediction Details
"now here you can see that a pin bar or a hammer has been formed towards the end of this down move now again as I mentioned right in the price action analysis course I've also talked about the Logics behind this Hammer candle now the moment many people see this Hammer candle they like a reversal done I'm going to buy no no wait wait one basic mistake that's that's what people do is that ideally what we should do is we should draw a line here just at the high of the pin bar at the high price of the pin bar if the next month's candle closes Above This level convincingly with volumes then I can say that yes this could be a sign of a reversal"
By CA Rachana Phadke Ranade | December 6, 2024 | Pending
From video
Reversal Stocks Part 1 | 3 Reversal Stocks | CA Rachana Ranade 00:12:39 - 00:13:17
Interpreted Prediction
A hammer candle formed at the end of the down move in GRSC signals potential reversal, but confirmation requires the next month's candle to close above the hammer's high with convincing volume.

Prediction Details

Ticker
GRSC

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.